Report Summary
Intravenous Iron Drugs Market size was valued at US$ 2.82 Bn. in 2022 and the total revenue is expected to grow at 8.5% through 2023 to 2029, reaching nearly US$ 4.99 Bn. Intravenous Iron Drugs Market Overview: Iron, an essential metal, is involved in a variety of biological activities including heme synthesis, energy metabolism, neurotransmitter generation, myoglobin creation, collagen formation, and immune system activity. Iron deficiency is one of the leading causes of iron deficiency anemia (IDA), which is linked to an increased risk of morbidity and death. According to a 2022 investigation by the Vitamin and Mineral Nutrition Information System, iron deficiency leads to about 30% of anemia in women and children in poor nations. Pierre Blaud developed ferrous sulfate, which became the conventional therapy for IDA in the 19th century.Intravenous Iron Drugs Market Dynamics: Iron Supplements are available in both the forms intravenous as well as oral form. Oral iron supplements are inferior to intravenous iron preparations, which result in a larger and faster increase in iron and hemoglobin levels. GI side effects, low adherence, poor gastrointestinal absorption, and non-compliance are among the drawbacks of oral supplements. The growth in the prevalence of iron deficiency, the rise in chronic renal disease patients undergoing dialysis, and the growing diabetes population are all major drivers of the IV iron medicines market. Demand for intravenous iron medicines is driven by an increase in iron deficiency anemia in gynecology, oncology, and gastroenterology, noncompliance with oral treatment, and accurate, quick, and reachable access to IV iron doses. However, the IV iron medicines market is anticipated to be constrained by a difficult approval procedure, rigorous regulations, medication side effects, nutraceutical options to avoid iron insufficiency, and product pricing. The COVID-19 Pandemic has hugely affected the manufacturing of pharmaceuticals due to lockdowns and no manpower around the globe. This factor further disrupted the supply chain. However, the market for intravenous iron medicines has grown due to strong attempts by manufacturers and the government to satisfy demand. Furthermore, some studies have linked COVID-19 infection to a higher risk of Acute Kidney Injury (AKI) and Chronic Kidney Disease (CKD), which has driven demand for intravenous iron medications to treat CKD-related anemia. As per the study carried out by National Kidney Foundation, People suffering from COVID-19 are more likely to suffer from Acute Kidney Injuries (AKI) in comparison to non-COVID patients. Further, the health authorities also recommended that COVID-19 patients who have suffered from acute kidney injuries (AKI) must go through regular testing for chronic kidney diseases (CKD). As the risk of chronic kidney disease (CKD) development is higher in COVID-19 patients as compared to others. Hence, these factors are likely to propel the growth of the market. One of the primary disadvantages of oral iron medications is the possibility of serious side effects. Stomach pains, constipation, lack of appetite, nausea, and vomiting are one of the most common side effects of oral iron treatments. Convulsions, short or fast breathing, lethargy or weakness, fatigue, pale skin, and bluish skin or fingernails all seem to be symptoms of an overdose of oral iron medications. Hence, these factors are estimated to hamper the growth of the market in the forecast period. Intravenous Iron Drugs Market Segment Analysis: The Ferric Carboxymaltose (FCM) segment is dominating the Product Type segment of the Intravenous Iron Drugs Market: In 2022, the Ferric carboxymaltose (FCM) is likely to gain more attractions in the market due to growing applications, higher performance, and lower cost benefits with a revenue share of 46.9%. It's a dextran-free parenteral iron medication designed to replace depleted iron reserves quickly and at large doses. This medication is a stable compound with the advantages of not containing dextran and having a very low immunogenic potential, posing a very minimal risk of anaphylactic responses. Its advantageous features allow for a quick (15-minute) infusion without the need for a test dosage. As a result, the requirement for many tiny dosages and a long infusion duration is reduced. Ferric carboxymaltose (FCM) offers great results in improving the hemoglobin level and further reduces the adverse effects. The FDA clearance of Injectafer in North America, as well as its clearance outside North America under the brand name Ferinject, may be attributed to the substantial increase in the market expansion. Chronic kidney disease is considered to supplement the growth of the Intravenous Iron Drugs Market. In 2022, the chronic kidney disease sector led the market for intravenous iron medicines, representing 30.8 % of revenue. The rising frequency of CKD and the high incidence of IDA within CKD patients are responsible for its large market share. In individuals with CKD, IDA is a frequent complication. It is uncommon in the early stages of renal sickness, even though it does occur as the disease progresses and kidney function declines. Anemia is caused by a drop in the number of Red Blood Cells (RBCs) in CKD patients. As the number of people with CKD rises, so does the number of those who have Iron Deficiency Anemia (IDA). End-stage renal illness and anemia are linked with each other, dialysis patients with kidney failure and kidney transplant recipients both are at high risk for anemia. In comparison to the general population, CKD patients are more likely to develop anemia (15.4 %) (7.6%). Anemia frequency in CKD patients rose from 8.4% to 53.4 % across stages 1 and 5. Hence, chronic kidney disease patients are likely to boost the market expansion in the forecast period. Regional Insights: North America is projected to dominate the growth of the market with a market share of 39.9% in 2022. Owing to increased approvals and introductions of new intravenous medicine in the US. The rising frequency of cancer, chronic renal disease, and gastrointestinal problems in the region has also contributed to its dominance. In addition, rising awareness of women's health and the growth in the incidence of celiac disease are two more reasons propelling the market growth. The United States and Canada are among the nations included in the area. In 2021, the United States dominated the intravenous iron medication market in the area The Asia Pacific is estimated to adhere to market growth in the forecast timeframe. This may be ascribed to significant players' geographic growth in Asia Pacific nations, as well as the development of healthcare infrastructure and government efforts. Furthermore, the increased incidence of IDA in rising economies like China and India has aided industry expansion. The objective of the report is to present a comprehensive analysis of the Intravenous Iron Drugs Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Intravenous Iron Drugs Market dynamics, structure by analyzing the market segments and project the Intravenous Iron Drugs Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Intravenous Iron Drugs Market make the report investor?s guide.Intravenous Iron Drugs Market, by Region North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America) Key Player: 1. Vifor Pharma Management Ltd. 2. AMAG Pharmaceuticals 3. Daiichi Sankyo Company, Ltd. (American Regent. Inc.) 4. Sanofi S.A. 5. Pharmacosmos A/S 6. Shield Therapeutics Plc 7. AbbVie Inc. (Allergan Plc) 8. Allergan, Inc. 9. Sanofi, 10. Luitpold Pharmaceuticals, Inc. 11. Galenica Ltd. 12. Actavis, Inc., 13. Fresenius Medical Care AG & Co., 14. American Regent. Inc FAQs: 1. What was the market size of Intravenous Iron Drugs Market? Ans: Intravenous Iron Drugs Market size was valued at 2.82 Billion USD in 2022. 2. Which Product Type segment is expected to dominate the Intravenous Iron Drugs Market during the forecast period? Ans: The Ferric Carboxymaltose (FCM) segment dominated the market for intravenous iron drugs and held the largest revenue share of 46.9% in 2022 and is predicted to held its dominance during the forecast period due to its increasing application, superior performance, and reduced cost. 3. Which region is expected to dominate the global Intravenous Iron Drugs during the forecast period? Ans: North America dominated the intravenous iron drugs market with a share of 39.96% in 2022. This is attributable to the increasing application of intravenous iron drugs in cancer research, increasing adoption of low-cost & compact intravenous iron drugs in clinical diagnostics, and infrastructural development of research laboratories. 4. What is the key driving factor for the growth of the Intravenous Iron Drugs Marke
Table of content
Table of Contents 1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Intravenous Iron Drugs Market Size, by Market Value (US$ Bn) 3.1.Global Market Segmentation 3.2.Global Market Segmentation Share Analysis, 2022 3.2.1.Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Intravenous Iron Drugs Market 3.4. Geographical Snapshot of the Intravenous Iron Drugs Market, By Manufacturer share 4. Intravenous Iron Drugs Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1.Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1.Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1.Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1.Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Grades 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Intravenous Iron Drugs Market 5. Supply Side and Demand Side Indicators 6. Intravenous Iron Drugs Market Analysis and Forecast, 2022-2029 6.1. Intravenous Iron Drugs Market Size & Y-o-Y Growth Analysis. 7. Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 7.1.1. Iron Dextran 7.1.2. Iron Sucrose 7.1.3. Ferric Carboxymaltose 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 7.2.1. Chronic Kidney Disease 7.2.2. Inflammatory Bowel Disease 7.2.3. Cancer 7.2.4. Others 8. Intravenous Iron Drugs Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 9.1.1. Iron Dextran 9.1.2. Iron Sucrose 9.1.3. Ferric Carboxymaltose 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 9.2.1. Chronic Kidney Disease 9.2.2. Inflammatory Bowel Disease 9.2.3. Cancer 9.2.4. Others 10. North America Intravenous Iron Drugs Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 12. Canada Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 13. Mexico Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 14. Europe Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 15. Europe Intravenous Iron Drugs Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 17. France Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 18. Germany Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 19. Italy Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 20. Spain Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 21. Sweden Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 22. CIS Countries Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 23. Rest of Europe Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 24. Asia Pacific Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 25. Asia Pacific Intravenous Iron Drugs Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 27. India Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 28. Japan Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 29. South Korea Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 30. Australia Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 31. ASEAN Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 32. Rest of Asia Pacific Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 33. Middle East Africa Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 34. Middle East Africa Intravenous Iron Drugs Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 36. GCC Countries Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 37. Egypt Textile Reinforced Concrete e-Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 38. Nigeria Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 39. Rest of ME&A Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 40. South America Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 41. South America Intravenous Iron Drugs Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 43. Argentina Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 44. Rest of South America Intravenous Iron Drugs Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Applications, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Intravenous Iron Drugs Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Avomeen 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Vifor Pharma Management Ltd. 45.3.3. AMAG Pharmaceuticals 45.3.4. Daiichi Sankyo Company, Ltd. (American Regent. Inc.) 45.3.5. Sanofi S.A. 45.3.6. Pharmacosmos A/S 45.3.7. Shield Therapeutics Plc 45.3.8. AbbVie Inc. 45.3.9. Allergan, Inc. 45.3.10. Sanofi, 45.3.11. Luitpold Pharmaceuticals, Inc. 45.3.12. Galenica Ltd. 45.3.13. Actavis, Inc., 45.3.14. Fresenius Medical Care AG & Co., 45.3.15. American Regent. Inc 46. Primary Key Insights